The Business Advantage PNG editorial team was among the delegates at the 2024 Papua New Guinea Investment Week (formerly the Papua New Guinea Resources & Energy Investment Conference) in Sydney, held from December 8-11. Here are our top five takeaways from the event.
CEO of Anitua landowner group on planning for life after Lihir gold mine
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18 Nov 2024 by Leave a Comment
Anitua Group is one of PNG’s most prominent landowner companies, providing goods and services to the Lihir gold mine and other parts of the country. Chief Executive Lawrence Rausim speaks about the relationship with new mine owner Newmont and shares how his group is setting its community up for the future.
Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow
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23 Oct 2024 by Leave a Comment
After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of large new investments in its resources sector. We hear from some of the key players.
Newmont focusing on ‘value over volume’ at Lihir gold mine
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9 Oct 2024 by Leave a Comment
Less than one year after acquiring Papua New Guinea’s largest gold mine, Newmont Corporation is pushing ahead with plans to increase grades and mine life at Lihir. On the eve of finishing his term as Newmont PNG Managing Director, Alwyn Pretorius took Business Advantage PNG inside the transition and shared the plans for the island mine’s future.
Back to the future: Hornibrook Construction eyes a return to property development
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9 Jul 2024 by Leave a Comment
Benefitting from increased business activity in Papua New Guinea’s mining sector, Lae-based construction company Hornibrook NGI is looking to further diversify into property development. Business Advantage PNG speaks to Managing Director Matthew Lewis to learn more.
Newmont CEO affirms Wafi-Golpu ‘will be developed’
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18 Jun 2024 by Leave a Comment
Newmont Corporation’s Tom Palmer tells Business Advantage PNG that Papua New Guinea fits well within company’s strategy, but cautions that the prospective Wafi-Golpu copper-gold project will need to compete for capital with other projects in portfolio.
Enga landslide: what business needs to know
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4 Jun 2024 by Leave a Comment
The Porgera gold mine is operating without restrictions, following the tragic Papua New Guinea landslide which hit nearby. Meanwhile, New Porgera Limited and other PNG businesses are contributing to relief efforts, reports Nadav Shemer Shlezinger.
Kumul Minerals head: Wafi-Golpu contract to be completed by mid-2024
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4 Jun 2024 by Leave a Comment
Sarimu Kanu, Managing Director of state-owned miner Kumul Minerals Holdings, gives an update on the progress of the Wafi-Golpu mine project to Business Advantage PNG, and outlines the company’s strategy to consolidate some of Papua New Guinea’s smaller mining projects.
Newmont to list in Papua New Guinea as Newcrest acquisition is finalised
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25 Oct 2023 by 1 Comment
Newmont Corporation’s acquisition of Newcrest Mining, which owns the Lihir gold mine in Papua New Guinea, and is one of the partners in the Wafi-Golpu copper-gold joint venture, is set to be completed in coming days. Business Advantage PNG considers what will happen next.
Mega miner: Newcrest Mining finally agrees to tie the knot with Newmont
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24 May 2023 by 1 Comment
There’s every likelihood that a takeover of Newcrest Mining by Newmont Corporation will be completed by the end of this year. But how will this affect Newcrest’s Papua New Guinea-based assets – the Lihir gold mine and the Wafi-Golpu project?
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